Brokerages Set Stem, Inc. (NYSE:STEM) Price Target at $1.11

Stem, Inc. (NYSE:STEM - Get Free Report) has received a consensus recommendation of "Hold" from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1.11.

Several equities research analysts recently commented on STEM shares. BMO Capital Markets cut their price target on Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a report on Wednesday, March 5th. Susquehanna upped their price objective on shares of Stem from $0.40 to $0.60 and gave the company a "neutral" rating in a report on Thursday. UBS Group reaffirmed a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Finally, Roth Mkm increased their price target on shares of Stem from $0.35 to $0.40 and gave the company a "neutral" rating in a research note on Wednesday, March 5th.

Stem Trading Down 4.1 %

STEM traded down $0.02 on Tuesday, hitting $0.52. 6,109,030 shares of the company's stock were exchanged, compared to its average volume of 7,505,783. Stem has a fifty-two week low of $0.29 and a fifty-two week high of $1.92. The stock has a market cap of $84.54 million, a price-to-earnings ratio of -0.10 and a beta of 1.52. The firm has a 50-day moving average price of $0.40 and a 200-day moving average price of $0.49.

Stem (NYSE:STEM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.05. The firm had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. On average, equities analysts predict that Stem will post -0.52 EPS for the current year.

Institutional Investors Weigh In On Stem

Several institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC increased its stake in Stem by 317.7% during the first quarter. CWM LLC now owns 89,913 shares of the company's stock worth $31,000 after purchasing an additional 68,386 shares during the period. Cerity Partners LLC purchased a new stake in Stem during the 1st quarter worth approximately $29,000. Deutsche Bank AG lifted its holdings in Stem by 102.9% during the 4th quarter. Deutsche Bank AG now owns 622,731 shares of the company's stock worth $374,000 after buying an additional 315,823 shares in the last quarter. Collar Capital Management LLC purchased a new stake in shares of Stem during the fourth quarter worth $223,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Stem by 569.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 121,381 shares of the company's stock valued at $73,000 after acquiring an additional 103,254 shares in the last quarter. Hedge funds and other institutional investors own 61.63% of the company's stock.

Stem Company Profile

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.